Sipho Mabena
Premium Journalist
3 minute read
6 May 2020
6:00 am

Coronavirus outfall puts Sars on the ropes

Sipho Mabena

Company closures and job losses as a result of the lockdown to combat the spread of Covid-19 are likely to result in a tax collection shortfall this year of about R285 billion, says SA Revenue Service commissioner Edward Kieswetter.

Picture: iStock

The scourge of the Covid-19 pandemic has come at a time when the SA Revenue Service (Sars) was attempting to rise from the ashes of state capture, with the tax collector warning of a huge revenue risk with an under-collection of R285 billion. Detailing the impact of Covid-19 on revenue performance on Tuesday, Sars commissioner Edward Kieswetter said the revenue performance would be lower than the February budget announcement by between 15% and 20%. “It means that we could potentially face a revenue under-recovery of up to R285 billion. My job is not to revise the revenue estimate. That is...